Bitcoin Hashrate Hits New All-Time High

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Bitcoin kicked off the new year with a bang as the amount of computing power backing the network has reached its highest level ever.

Bitcoin kicked off the new year with a bang as the amount of computing power backing the network has reached its highest level ever.

By Andrew Asmakov

2 min read

Jan 3, 2022

Bitcoin

BITCOIN. IMAGE: SHUTTERSTOCK

Bitcoin is now as secure as ever after the network's hashrate soared to a new record of 203.5 exahashes per second (EH/s) on January 2, according to data from Bitinfocharts.

Hashrate refers to the total combined computational power used to mine and process transactions. The higher the hashrate, the more secure the network is as the computing power required to successfully attack also increases.

Over the last 12 months, Bitcoin's hashrate has increased by 49% from the 136.5 EH/s recorded on January 2, 2021.

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Bitcoin kicked off the new year with a bang as the amount of computing power backing the network has reached its highest level ever.

Decrypt Media

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